Funding you earn now, next payment 01:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h −0.025%
Price spread now: BloFin against Backpack+0.021%66s7-day average −0.183% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days+0.292%+$29 on $10k
+Price spread, last 3 days (all we have)−0.235%−$23 · spread now +0.021%, 7d avg −0.183%
=The price spread pays, funding is against you. BloFin is 0.204% dearer against Backpack than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.183%): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.292%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JTO_USDC_PERP | 0.5189 | 0.0491 | pay 0.0061% / 1h | 33m 35s | $226K | $463K | 10x |
| Short | BloFin JTO-USDT | 0.5190 | 0.0340 | get 0.0170% / 4h | 3h 33m | $622K | $583K | 75x |
Backpack JTO_USDC_PERP
BloFin JTO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.66
- Price spread: +0.021% → −0.183%
- $20.44
- Slippage, 4 orders
- −$24.7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$57.91
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 40 min ago; BloFin: live order book, 38 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 40 min ago | 0.88 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 38 min ago | 1.96 bp | 9.8 bp −$10 | 21.4 bp −$214 | 85.8 bp −$8,575 | doesn't fit |
JTO on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0521% | 1h | 0.5183 | −0.114% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0211% | 8h | 0.5183 | −0.114% | $917K | $1.2M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0084% | 4h | 0.5182 | −0.133% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5182 | −0.133% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.753% | — | — | — | as long as short |
| Paradex JTO-USD-PERP | +0.0002% | 8h | 0.5184 | −0.100% | $517 | — | 5x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.161% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5186 | −0.052% | $102K | $187K | 10x | as long as short |
| Hyperliquid JTO | +0.0100% | 1h | 0.5194 | +0.094% | $7.1M | $3.1M | 5x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5185 | −0.071% | $174K | $177K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Paradex JTO-USD-PERP
Injective JTO/USDC PERP
Lighter JTO
Hyperliquid JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5186 | −0.059% | $11.4M | $27.8M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5187 | −0.037% | $7.6M | $13.4M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5156 | −0.634% | $56K | −$0 | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5184 | −0.094% | $7.1M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5188 | −0.017% | $1.6M | $598K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5189 | +0.002% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5185 | −0.075% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5187 | −0.042% | $227K | $300K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5185 | −0.075% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5182 | −0.130% | $526K | $1.9M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5185 | −0.066% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0246% | 1h | 0.5191 | +0.045% | $351K | $311K | 25x | as long as short |
| Phoenix JTO | +0.0312% | 1h | 0.5195 | +0.118% | $384K | $262K | 5x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5194 | +0.098% | $67K | $123K | 25x | as long as short |
| BloFin JTO-USDTshort | +0.0340% | 4h | 0.5190 | +0.021% | $622K | $583K | 75x | |
| Backpack JTO_USDC_PERPlong | +0.0491% | 1h | 0.5189 | long leg | $226K | $463K | 10x |
Binance JTOUSDT
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Phoenix JTO
Coinbase International JTO-PERP-INTX